Category Archives: The Project

It’s Back To The Future As Stocks, Futures Jump On The Latest Abysmal Economic News (2)

Economic NewsLibya chaotic political situation collides with EU’S chaotic refugee situation – result will be more chaos. An article ‘’ China seeks Latin Nation Commodities” by Ian James of Associated press appeared in our local paper on 6/7/11. This article is NOT about the US, it is looking at China as a case study for the direction the world is taking. My forecast after my last visit was that China would continue their insane development until resources began to run out, and then a few years of decline would lead to massive unrest followed by national breakup into feifdoms of competing ex-PLA General warlords, and that would happen by 2020. We have our own problems and may be past our peak of materialism, but China is not much of an economic threat.

The price of portable energy is now rising, and will soon make China much less competitive simply because of …

The Accounting Equation And Basic Math Concepts (3)

AccountingThis formula works best for large corporations and those businesses with investors. For example, if a small business sells a widget to a customer for $1,000 and it cost $700 to produce, the accounting transaction would be an increase to cash (assets) by the amount received from the customer, an increase to revenue (owner’s equity) by the same amount, a decrease to inventory (assets) by the amount it cost to produce the widget, and an increase the cost of goods sold expense account (owner’s equity) for the amount it cost to produce the widget.

Accounting is an art as well as science which systematical process that identifies, records, classifies and communicates the economic facts and figures of an organization This process is a combination of a series of activities begin when a transaction take place and end with its inclusion in the financial statements at the end of the accounting …

Plan Proposes To Convert CUs To Commercial Banks And To Eliminate CU Tax Exemption (2)

Credit UnionThe robber is described as a 30- to 40-year-old black man, standing between 6-feet and 6-foot-4 and weighing between 220 and 250 pounds. Of the 28 credit unions agreeing to pay penalties for the fourth quarter, twenty-four had assets of less than $10 million; three had assets between $10 million and $50 million; and one credit union had assets of more than $250 million. Under the terms of the merger agreement, Achieva will purchase all of the issued and outstanding shares of Calusa Bank, making this the first whole bank” acquisition by a credit union, according to the negotiators. The 2013 Form 990s for some state-chartered credit unions are reporting that credit union officials (senior management and directors) are traveling first class.

The participating credit unions included Kellogg Community Federal Credit Union (Battle Creek, MI), Diversified Members Credit Union (Detroit, MI), Mountain River Credit Union (Salida, CO), CorePlus Federal Credit …

Dow Jones Chart (2)

Dow Jones LiveThe Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones and Company co-founder Charles Dow. We partnered as well with ProPublica , as we think that team, lead by our dear mentor Scott Klein, is doing outstanding investigative reporting with cutting edge data visualization, so Mariana Barbosa, former La Nacion Argentina master student and journalist, is joining the team to learn how to manage these investigations, where to start, how to drive the team, the story and how to create the best narrative serving the purpose of each investigation.

The problem lies, as it always does, in the details but it also drives at the core differences between a Conservative and Progressive perspective of the American social structure; what the …

Bookkeeping Basics For Beginners For Online Sellers (3)

AccountingIn other words accounting concepts some normal rules which can be changed but which has come in to existence with so many hard work of accountants in past. As mentioned above, these principles are the globally standardized guidelines for performing financial accounting activities that conform to the double entry system of accounting. However, this is not a stringent framework and different countries have various modified versions that are suited to their accounting conventions. Given below is a simplified elaboration of each of these principles as they are followed as a standard set of regulatory procedures. At Sydney we give you an accounting education, not simply training in accounting.Accounting

Principle of Permanence: This is an extension of the principle of consistency and it states that in order to compare the financial statements of different accounting periods to interpret and comprehend financial trends, it is necessary that the accounts are maintained in …

Which Is The Better Deal? (2)

Credit UnionI did a spot check to compare mortgage interest rates between a credit union and a bank. Ongoing mergers means that individual credit unions continue to add more and more branches to their operations And, since a key objective of merging in the first place appears to be to improve the efficiency of the overall credit union, being able to assess individual branch efficiency must increasingly become an important activity for large credit unions to undertake.

Our staff are important to us and we strive to treat everyone with integrity and fairness, those who were impacted by our recent decisions were exceptional employees who contributed immensely to our credit union, even though these employees are no longer with Northern Savings, we continue to provide them with support,” – Northern Savings Interim CEO Barry Delaney on the recent announcement of staff departures at the Credit Union head office in Prince Rupert.…

How To Soften Bad News In The Workplace (2)

Economic NewsOf interest to investors, scholars, and consumers, then, is any data comparing graphs of today’s stock market trends with the stock market trends from 1929. I know it’s a slow news day when I see a big article about how farmers are planting more corn because corn prices are up. Anybody who’s had a basic economics class gets that one. I do also occasionally watch the news or read a newspaper (at someone else’s house or a free one in public transport) when I’ve got nothing to do. However, when I’m on my computer, I check some news sites every now and then, and I’m able to search for additional explanation and backgrounds if something is not clear.

The result is, that is millions of people ONLY get their knowledge of the world from the news media, you have millions of people who CANNOT possibly know what they are talking …

City Finance Department Receives Auditor Of State Award With Distinction (2)

Department Of FinanceNorth Canton’s Finance Director Karen Alger accepts the Auditor of State Award with Distinction presented by John Coorey II, regional liaison for the Ohio Auditor of State at last Monday night’s Council Meeting. Please feel free to share my LiveBinder Personal Finance for Recent HS Grads / Current College Students with young adults. B) The classification of cities/towns, as per orders prevalent with the old rates as precluded videM. CASE RETURNED BY THE DOPT & DIRECTED TO TAKE UP THE MATTER DIRECTLY WITH DEPARTMENT OF EXPENDITURE, MOF. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.

This lesson is a brief synopsis of section 4.4 Finance on page 15 of the Capstone team member guide 2013. The finance department manager for each company/team will make decisions according to that …

Ten Great Jobs For Stay At Home Moms (3)

AccountingThe system in which financial transactions of and organization for a particular period are recorded to know the operating results and the financial position of that concern to analyze and communicate the same to interested users is called accountancy. What we all should understand here is that economic profit is a concept related to management accounting which involves keeping a record of all sales, expenses and operating costs for the benefit and reference of the company. I have worked with clients who, before my creation of a decent accounting system, were in the dark on a lot of important areas. Experts should do it. You can talk about fees with these professionals, but never attempt to do accounting procedures on your own without needed assistance. Accounting is the same for both countries, as we follow AICPA as a matter of policy.Accounting

There are CPA’s who concentrate on small business start-ups, …

Accounting Basics (3)

AccountingAlthough accounting is described as the language of business” at its core accounting is based upon a single equation referred to as the Accounting Equation. In light of the above discussion and definition, a comprehensive and meaningful definition of accounting can be given as such- Accounting is a discipline, well-equipped with techniques and methods through which all types of transactions measurable in terms of money or money’s worth can be recorded, classified and summarized in a proper and systematic way.

The framework of the GAAP is based upon the method followed by CPA firms to prepare, record and present statements of their incomes, expenses, assets and liabilities and the regulations that govern the calculation of the profit/ loss figure for a given period of time which is usually one year (whether the year followed is the financial year or the calendar year depends upon individual firm’s accounting policies).

A professional …